The US pulse oximeters market was valued at US$ 541.01 million in 2019 and is projected to reach US$ 1,106.78 million by 2027; it is expected to grow at a CAGR of 9.2% from 2020 to 2027.
The growth of the market is attributed to Increasing prevalence of respiratory diseases and growing preference for remote patient monitoring. However, the inaccuracies in pulse oximeter readings due to several factors, such as changes in the arterial pulse, body movements, color interferences, and venous pulsations hinder the growth of the market.The US pulse oximeters market is expected to witness significant growth during the forecast period. The growth of the market is expected to be fastest due to increasing incidence of respiratory disease, growing geriatric population, technological advancement, and growing demand for non-invasive medical devices. For instance, as per the American Lung Association, COPD is the third leading cause of death in the US, wherein more than 16.4 million people are diagnosed with the condition. In addition, as per the US Department of Health and Human Services, ~25 million people in the US had asthma in 2019, which is one of the world’s most common respiratory diseases. Additionally, the COVID-19 is a respiratory disease and primarily affects lungs, therefore, increasing demand for respiratory devices including pulse oximeters. These are major intervention for patients with severe Covid-19 infection, and the healthcare providers need to ensure the availability of pulse oximeters and other medical oxygen systems. In COVID patients, the oxygen levels drop significantly and can even drop to 40% as compared to Normal oxygen levels that is above 95%. The oximeter has become crucial in the management and monitoring of COVID-19 patients. The market for these devices is growing due to their ability in early detection and remote monitoring of patients.
US Pulse Oximeters Market Revenue and Forecast to 2027 (US$ Million)
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US Pulse Oximeters Market Segmentation
By Type
- Fingertip Pulse Oximeters
- Handheld Pulse Oximeters
- Wrist-worn Pulse Oximeters
- Pediatric Pulse Oximeters
- Transdermal Semisolids
By End User
- Hospitals
- Clinics
- Others
Company Profiles
- Nonin
- Koninklijke Philips N.V.
- VYAIRE MEDICAL, INC
- Smiths Medical
- Hill Rom Holding Inc.
- Edwards Lifesciences Corporation
- Medtronic
- Masimo
- Beurer GmbH
- Maxtec
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction. 9
1.1 Scope of the Study. 9
1.2 The Insight Partners Research Report Guidance. 9
1.3 Market Segmentation
1.3.1 Pulse Oximeters Market – By Type
1.3.2 Pulse Oximeters Market – By End User
1.3.3 US Pulse Oximeters Market
2. Pulse Oximeters Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Pulse Oximeters Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 US – PEST Analysis
4.3 Expert Opinion
5. US Pulse Oximeters Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Respiratory Diseases
5.1.2 Growing Preference for Remote Patient Monitoring
5.2 Market Restraints
5.2.1 Inaccuracies in Pulse Oximeter Readings due to Several Factors
5.3 Market Opportunities
5.3.1 Strategic Developments by Manufacturers
5.4 Future Trends
5.4.1 Technological Advancements in Pulse Oximetry
5.5 Impact Analysis
6. Pulse Oximeters Market – US Analysis
6.1 US Pulse Oximeters Market Revenue Forecast And Analysis
6.2 Market Positioning of Key Players
7. Pulse Oximeters Market– By Type
7.1 Overview
7.2 Pulse Oximeters Market Revenue Share, by Type (2019 and 2027)
7.2.1 US: Pulse Oximeters Market, by Type, 2018–2027 (USD Million)
7.3 Fingertip Pulse Oximeters
7.3.1 Overview
7.3.2 Fingertip Pulse Oximeters: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Handheld Pulse Oximeters
7.4.1 Overview
7.4.2 Handheld Pulse Oximeters: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Wrist-worn Pulse Oximeters
7.5.1 Overview
7.5.2 Wrist-worn Pulse Oximeters: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Pediatric Pulse Oximeters
7.6.1 Overview
7.6.2 Pediatric Pulse Oximeters: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
8. Pulse Oximeters Market Analysis, by End User
8.1 Overview
8.2 Pulse Oximeters Market Revenue Share, by End User (2019 and 2027)
8.2.1 US: Pulse Oximeters Market, by End User, 2018–2027 (USD Million)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: Pulse Oximeters Market– Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
9. Impact of COVID-19 Pandemic on US Pulse Oximeters Market
9.1 US: Impact Assessment of COVID-19 Pandemic
10. Pulse Oximeters Market – Industry Landscape
10.1 Overview
10.2 Growth Strategies Done by the Companies in the Market, (%)
10.3 Organic Developments
10.3.1 Overview
10.4 Inorganic Developments
10.4.1 Overview
11. Company Profiles
11.1 Nonin
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 Koninklijke Philips N.V.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 VYAIRE MEDICAL, INC.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Smiths Medical
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Hill Rom Holding Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Edwards Lifesciences Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Medtronic
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Masimo
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Beurer GmbH
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Maxtec
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 Glossary of Terms
LIST OF TABLES
Table 1. US Pulse Oximeters Market, by Type – Revenue and Forecast to 2027 (USD Million)
Table 2. US Pulse Oximeters Market, by End User– Revenue and Forecast to 2027 (USD Million)
Table 3. Organic Developments Done By Companies
Table 4. Inorganic Developments Done By Companies
Table 5. Glossary of Terms, Pulse Oximeters Market
LIST OF FIGURES
Figure 1. Pulse Oximeters Market Segmentation
Figure 2. Pulse Oximeters Market – By Geography
Figure 3. US Pulse Oximeters Market Overview
Figure 4. Fingertip Pulse Oximeters Segment Held Largest Share of Pulse Oximeters Market
Figure 5. US Pulse Oximeters Market, Industry Landscape
Figure 6. US PEST Analysis
Figure 7. Pulse Oximeters Market Impact Analysis of Driver and Restraints
Figure 8. US Pulse Oximeters Market – Revenue Forecast And Analysis – 2019- 2027
Figure 9. Market Positioning of Key Players
Figure 10. Pulse Oximeters Market Revenue Share, by Type (2019 and 2027)
Figure 11. Fingertip Pulse Oximeters: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Handheld Pulse Oximeters: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Wrist-worn Pulse Oximeters: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Pediatric Pulse Oximeters: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Pulse Oximeters Market Revenue Share, by End User (2019 and 2027)
Figure 16. Hospitals: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Clinics: Pulse Oximeters Market– Revenue and Forecast to 2027 (US$ Million)
Figure 18. Others: Pulse Oximeters Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Impact of COVID-19 Pandemic on Pulse Oximeters Market in the US
Figure 20. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - US Pulse Oximeters Market
- Nonin
- Koninklijke Philips N.V.
- VYAIRE MEDICAL, INC
- Smiths Medical
- Hill Rom Holding Inc.
- Edwards Lifesciences Corporation
- Medtronic
- Masimo
- Beurer GmbH
- Maxtec
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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